U.S. light-vehicle inventory for the first time in more than four years is higher than in like-2007, the last full year before the 2008-2009 global recession. Supply is in line with the 15.2 million seasonally adjusted annual rate of sales through May and set to meet the 15.4 million-unit SAAR expected over the year’s final seven months. Not all vehicle models have stock levels matching demand, but most of the deviations are those in short supply. That bodes well for production ...

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